---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-003646"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:01:43.440886+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality 2024: Revenue $386M, net income $71.4M, zero net debt, two large contract wins

## Summary
- Revenue $386.3M, net income $71.4M, diluted EPS $0.70 for FY2024.
- Adjusted EBITDA $196.7M, operating cash flow $152M, discretionary cash flow $131M.
- Zero net debt, $366M liquidity, net leverage 0.0x as of Dec 31, 2024.
- Redeemed all outstanding 10.75% Senior Notes due 2025 on March 25, 2025.
- Awarded $140M Workforce Hub Contract through 2027 and $246M Dilley Contract over 5 years.

## SEC filing metadata
- accession: 0001558370-25-003646
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000155837025003646/0001558370-25-003646-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000155837025003646/th-20250326x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-003646
- JSON: https://secwatch.observer/filing/0001558370-25-003646.json
- Plain text: https://secwatch.observer/filing/0001558370-25-003646.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.